US Foods EVP uses shares to cover tax withholding
US Foods Holding Corp. executive David L. Poe Jr., EVP and Chief Merchant, reported routine tax-related share withholdings.
Rhea-AI Filing Summary
US Foods Holding Corp. executive David L. Poe Jr., EVP and Chief Merchant, reported routine tax-related share withholdings. On March 24 and March 25, a total of 1,715 shares of Common Stock were withheld at prices of $91.13 and $92.48 per share to satisfy tax obligations tied to the vesting of restricted stock units, as noted in the footnote. After these transactions, he directly held 39,195 shares of Common Stock, indicating the withholdings represent a relatively small portion of his overall stake and do not reflect open-market selling.
Positive
- None.
Negative
- None.
Insights
Routine tax-withholding on vested RSUs, not an open-market sale.
Executive vice president David L. Poe Jr. had 1,715 US Foods Holding Corp. shares withheld in two Form 4 transactions coded F. The filing states these withholdings satisfied tax obligations from vesting restricted stock units, a standard equity-compensation mechanism.
Because the shares were used to pay taxes rather than sold in the market, these dispositions carry little information about his view of the stock. After the withholdings, he directly holds 39,195 Common Stock shares, so the reported amount is modest relative to his position.
The filing shows no option exercises or open-market trades, and the derivative position table is empty. Overall, this appears to be routine administration of equity awards rather than a strategic change in ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 821 | $92.48 | $76K |
| Exercise Price or Tax Liability | Common Stock | 894 | $91.13 | $81K |
Footnotes (1)
- F1. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of restricted stock units.
FAQ
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What did USFD executive David L. Poe Jr. report in this Form 4?
What does transaction code 'F' mean in the USFD insider filing?
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